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Why did I receive a notice about providing proof of insurance?

Your mortgage agreement requires you to maintain continuous insurance coverage on your property for the term of the loan. We require you to provide evidence that you have obtained acceptable insurance coverage as outlined in the mortgage agreement.

What Is Acceptable Insurance?

Insurance Declaration showing the following:

The dwelling insurance limit at least equal to the higher of:

The unpaid principal balance of the mortgage as long as it at least equals the minimum amount required to compensate for damages or loss on a replacement cost basis.

100 percent of the insurable value of the improvements-as established by a property insurer.